Working with the retail industry, one of the biggest issues we come across is that each owner makes purchases using their personal credit card. There are a few reasons why this becomes troublesome when tracking financial data: Purchases become more difficult to track...
The cannabis retail industry is booming in Canada since cannabis was legalized. In some markets, you’re seeing an oversaturation of cannabis retail shops. We heard recently that in Toronto on some streets there are more cannabis retail locations than coffee...
The idiom Cash is King has always stood the test of time. You can be a profitable business (by showing positive net income) and still be cash poor. We get asked a lot by our customers why that is the case. Let’s define what cash flow is in the first place. Very...
At the start of 2020, RVezy founders William Thompson and Michael McNaught were preparing for a year of unprecedented growth. The Ottawa-based entrepreneurs had finished their Series A and secured the interest of venture capitalists. They were making plans to expand...
Watch as our CCO & Co-Founder, Sean Duffy, takes some time to catch up with the GM of Receipt-Bank Canada, Eric Tung, along with Jeff Borschowa of Maverick Business Academy. They mean to discuss cash flow in times of crisis, but end up having a great discussion on...
